RD Calculator
Calculate recurring deposit maturity amount and interest earned.
Up to ₹ 10,000 crore
0.1% to 100%
1 to 100 years
Year-by-Year Breakdown
| Year | Deposited (₹) | Interest (₹) | Balance (₹) |
|---|---|---|---|
| Year 1 | 60,000 | 2,311 | 62,311 |
| Year 2 | 60,000 | 6,788 | 1,29,099 |
| Year 3 | 60,000 | 11,587 | 2,00,686 |
| Year 4 | 60,000 | 16,732 | 2,77,418 |
| Year 5 | 60,000 | 22,246 | 3,59,664 |
Calculates what a recurring deposit (RD) — a fixed sum deposited every month — pays at maturity, and how much of that is interest.
Understanding the result
Total deposited is your monthly deposit times the number of months; interest earnedis what it adds. Each deposit earns interest only from the month it is made, so an RD earns less than an FD of the same total amount.
The figures are before tax. RD interest is taxable as income, and banks may deduct tax at source.
For a tenure past a year, the year-by-year breakdown lists what you deposit, the interest and the balance at the end of each year. Export CSV downloads it.
How to use it
- Monthly RD deposit — made at the start of every month.
- Annual interest rate — the rate the bank quotes, from 0.1% to 100%.
- RD tenure — in years (1 to 100) or months (1 to 1,200).
- Compounding frequency — most Indian banks compound RDs quarterly.
How it works
The quoted rate and compounding frequency are converted to an equivalent monthly rate, the rate that gives the same growth over a year. Each deposit then grows at that rate from the start of its month to maturity. The maturity value is rounded to the nearest rupee.
Monthly rate i = (1 + R ÷ (100 × n))^(n ÷ 12) − 1
Maturity = M × ((1 + i)ᵗ − 1) ÷ i × (1 + i)
M = monthly deposit, R = annual rate %, n = compounding periods a year, t = months
Examples
₹5,000 a month for 5 years at 7%
You deposit ₹ 3,00,000; with quarterly compounding it matures at ₹ 3,59,664, earning ₹ 59,664.
Maturity of ₹5,000 a month
| Rate | 1 year | 2 years | 3 years | 5 years |
|---|---|---|---|---|
| 6% | ₹ 61,976 | ₹ 1,27,755 | ₹ 1,97,571 | ₹ 3,50,318 |
| 6.5% | ₹ 62,143 | ₹ 1,28,425 | ₹ 1,99,122 | ₹ 3,54,954 |
| 7% | ₹ 62,311 | ₹ 1,29,099 | ₹ 2,00,686 | ₹ 3,59,664 |
| 7.5% | ₹ 62,478 | ₹ 1,29,776 | ₹ 2,02,265 | ₹ 3,64,449 |
Frequently asked questions
See also
- FD Calculator — when you have the whole amount to deposit at once.
- SIP Calculator — for monthly investing in mutual funds instead of a deposit.